- Culmia has been awarded Lots 3, 4, and 5, located in the Los Berrocales and Ahijones urban development projects.
- Lots 3 and 4 each consist of 223 homes, and Lot 5 consists of 311.
- Construction on these homes is expected to begin in the first quarter of 2026, and the first families should be able to move in before the summer of 2028.
- These homes will be built using Avintia’s Ávita industrialized construction system. They will also meet the highest sustainability standards.
- Culmia has already been awarded a lot in the first phase of the Community of Madrid’s VIVE Plan, consisting of 12 developments and 1,763 housing units, as well as the sole lot in the second phase of the VIVE Plan, comprising 1,137 housing units in three municipalities. In addition, it has been awarded two lots under the Madrid City Council’s Affordable Rental Plan, comprising 871 housing units across seven developments. It has also been awarded two projects under the Valencian Regional Government’s Plan VIVE, totaling more than 220 housing units, as well as another 402 housing units in Esplugues through Incasòl, an agency of the Catalan Regional Government.
April 7, 2025 – Culmia, Spain’s leading residential real estate project management platform, has been awarded three lots under the Madrid City Council’s Suma Vivienda Plan, which will enable the construction of 1,600 new apartments in the city for affordable rental housing.
For this project, the developer will invest 116 million euros to build 757 homes in lots 3, 4, and 5. For lots 3 and 4, an investment of 34 million euros is planned for each, and for lot 5, 48 million euros.
Lots 3 and 4 each consist of 223 homes, and Lot 5 consists of 311 homes. All of them will be developed using an industrialized construction system—Avintia’s Ávita system—which has already been used in previous affordable housing projects, comprising 3,200 homes that have been built or are under construction.
As for their location, the first two lots are in the Los Berrocales residential development in Madrid, and the other is in the Ahijones development.
Regarding the timeline for this project, construction is expected to begin in the first quarter of 2026, and the first units are expected to be delivered before the summer of 2028.
The developments will feature a swimming pool, a community room, a bicycle parking area, and retail spaces. They will also have BREEAM sustainability certification, just like the rest of the affordable housing units the company is building.
According to Francisco Pérez, CEO of Culmia, “We are following our business plan for affordable housing, which is clearly necessary to meet housing demand in Spain and, in particular, in Madrid. “These 757 new homes reaffirm our position as a major player in the affordable housing segment nationwide, with more than 5,000 units built across the country, where public-private partnerships are essential to continued progress.”
Residents of Madrid whose income is up to 5.5 times the IPREM will be eligible for the Suma Vivienda Program.
Track Record in Affordable Housing
Culmia has already been awarded a lot under the first phase of the Community of Madrid’s Plan VIVE. Specifically , it consists of 1,763 homes spread across 12 plots located in the municipalities of Sebastián de los Reyes, Tres Cantos, Alcorcón, Alcalá de Henares, and Getafe. It has also been awarded the sole lot in the second phase of the VIVE Plan, consisting of 1,137 housing units in the municipalities of Boadilla del Monte, Pinto, and Colmenar Viejo. In addition, two lots from the Madrid City Council’s Affordable Rental Plan, comprising 871 homes located in seven developments in the districts of Hortaleza, Usera, Arganzuela, Fuencarral–El Pardo, Carabanchel, San Blas, and Villaverde.
Outside the Community of Madrid, the company has also been awarded two projects under the Generalitat Valenciana’s Plan Vive, totaling more than 220 housing units, as well as another 402 housing units in Esplugues by Incasòl, an agency of the Generalitat of Catalonia.
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